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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,691,000 $ 12,575,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Net increase (decrease) in deferred loan fees 284,000 (557,000)
Depreciation 1,019,000 989,000
Accretion (573,000) (889,000)
Amortization 6,469,000 5,769,000
Stock-based compensation 310,000 196,000
Excess tax benefit from exercise of stock options 0 (19,000)
(Reversal of) provision for credit losses (1,150,000) (5,850,000)
Other than temporary impairment losses on investment securities 0 136,000
Net realized gains on sales of available-for-sale investment securities (2,808,000) (1,140,000)
Net realized gains on sales of held-to-maturity securities 0 (696,000)
Net loss on disposal of premises and equipment 0 5,000
Increase in bank-owned life insurance, net of expenses (450,000) (414,000)
Net gain on bank-owned life insurance 0 (190,000)
Net decrease (increase) in accrued interest receivable and other assets 2,594,000 (1,240,000)
Net increase in accrued interest payable and other liabilities 498,000 2,810,000
Benefit (provision) for deferred income taxes 831,000 (977,000)
Net cash provided by operating activities 20,715,000 10,508,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale investment securities (96,765,000) (167,751,000)
Proceeds from sales or calls of available-for-sale investment securities 101,286,000 84,283,000
Proceeds from sales or calls of held-to-maturity investment securities 0 9,257,000
Proceeds from maturity and principal repayments of available-for-sale investment securities 33,777,000 39,826,000
Net increase in loans (21,642,000) (25,983,000)
Deposit on acquisition of bank 0 (9,470,000)
Purchases of premises and equipment (532,000) (608,000)
Proceeds from bank-owned life insurance 0 928,000
Net cash provided by (used in) investing activities 16,124,000 (69,518,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand, interest bearing and savings deposits (884,000) 23,212,000
Net decrease in time deposits (36,711,000) (11,982,000)
Repayments of borrowings from other financial institutions (400,000) 0
Proceeds from exercise of stock options 473,000 208,000
Excess tax benefit from exercise of stock options 0 19,000
Cash dividend payments on common stock (2,196,000) (1,986,000)
Net cash (used in) provided by financing activities (39,718,000) 9,471,000
Decrease in cash and cash equivalents (2,879,000) (49,539,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 38,568,000 94,617,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 35,689,000 45,078,000
Cash paid during the period for:    
Interest 852,000 776,000
Income taxes 2,420,000 4,540,000
Non-cash investing and financing activities:    
Transfer of securities from held-to-maturity to available-for-sale 0 23,131,000
Unrealized gain on transfer of securities from held-to-maturity to available-for-sale $ 0 $ 526,000